Term of the Day
For Monday, August 18, 2008
adjusting events
Definition
Material events that occur between the date of preparation of financial
statements and the date of their approval by the management. Such events
must be reflected in the financial statements of a firm, to comply with the
requirement of giving a 'true and fair view' of its financial position. A
non-material (non adjusting) but significant event may be disclosed in the
notes (footnotes) to the financial statements. Also called post balance
sheet events.
adjusting events is in the Accounting & Auditing, Banking, Commerce &
Finance and Corporate, Commercial, & General Law subjects.
adjusting events appears in the definition of the following term: post
balance sheet events.
This content can be found on the following page:
http://www.businessdictionary.com/definition/adjusting-events.html
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
Thursday, August 21, 2008
GOLDEN QUOTE
Success springs from calmness of the mind. It is a cold iron which cuts and
bends hot iron.
bends hot iron.
Wednesday, August 20, 2008
Quote
Quote of the Day
If all the rich people in the world divided up their money among themselves
there wouldn't be enough to go around. - Christina Stead
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
If all the rich people in the world divided up their money among themselves
there wouldn't be enough to go around. - Christina Stead
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
commercial paper
Term of the Day - commercial paper
An unsecured obligation issued by a corporation or bank to finance its
short-term credit needs, such as accounts receivable and inventory.
Maturities typically range from 2 to 270 days. Commercial paper is
available in a wide range of denominations, can be either discounted or
interest-bearing, and usually have a limited or nonexistent secondary
market. Commercial paper is usually issued by companies with high credit
ratings, meaning that the investment is almost always relatively low risk.
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
An unsecured obligation issued by a corporation or bank to finance its
short-term credit needs, such as accounts receivable and inventory.
Maturities typically range from 2 to 270 days. Commercial paper is
available in a wide range of denominations, can be either discounted or
interest-bearing, and usually have a limited or nonexistent secondary
market. Commercial paper is usually issued by companies with high credit
ratings, meaning that the investment is almost always relatively low risk.
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
MISCOMMUNICATION
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
MARKUP
Term of the Day
For Wednesday, August 20, 2008
markup
Definition 1
Budgeting: Line-by-line review of a budget for approval, disapproval, or
modification by a committee formed for the purpose.
Definition 2
Distribution: Difference in prices at different stages (price points)
between a producer and the ultimate buyer.
Definition 3
Pricing: Amount added to the cost price of an item to cover incidental
costs (interest, labor, taxes, utilities) and to provide for profit in the
item's selling price.
markup is in the Accounting & Auditing, Advertising, Marketing, & Sales,
Distribution & Logistics and Planning & Scheduling subjects.
markup appears in the definitions of the following terms: rich text format
(RTF), principal basis, Ramsey pricing, inventory turnover and vendor
analysis.
This content can be found on the following page:
http://www.businessdictionary.com/definition/markup.html
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
For Wednesday, August 20, 2008
markup
Definition 1
Budgeting: Line-by-line review of a budget for approval, disapproval, or
modification by a committee formed for the purpose.
Definition 2
Distribution: Difference in prices at different stages (price points)
between a producer and the ultimate buyer.
Definition 3
Pricing: Amount added to the cost price of an item to cover incidental
costs (interest, labor, taxes, utilities) and to provide for profit in the
item's selling price.
markup is in the Accounting & Auditing, Advertising, Marketing, & Sales,
Distribution & Logistics and Planning & Scheduling subjects.
markup appears in the definitions of the following terms: rich text format
(RTF), principal basis, Ramsey pricing, inventory turnover and vendor
analysis.
This content can be found on the following page:
http://www.businessdictionary.com/definition/markup.html
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
GOLDEN QUOTE
When people cannot stand by you because they do not understand you, God
will stand by you.
will stand by you.
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
Quote
Quote of the Day
It's one of the ironies of investing. The rich can afford to take risks,
but they don't need to. The poor need to take risks, but they often can't
afford to. - Jonathan Clements
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
It's one of the ironies of investing. The rich can afford to take risks,
but they don't need to. The poor need to take risks, but they often can't
afford to. - Jonathan Clements
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
letter of intent
Term of the Day - letter of intent
A letter from one company to another acknowledging a willingness and
ability to do business. A letter of intent is most often issued as
acknowledgment of the fact that a merger between companies or an
acquisition is being considered seriously. Sometimes, a letter of intent
may also be issued by a mutual fund shareholder to indicate that he/she
would like to invest certain amounts of money at certain specified times.
In exchange for signing a letter of intent, the shareholder would often
qualify for reduced sales charges. A letter of intent is not a contract and
cannot be enforced, it is just a document stating serious intent to carry
out certain business activities.
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
A letter from one company to another acknowledging a willingness and
ability to do business. A letter of intent is most often issued as
acknowledgment of the fact that a merger between companies or an
acquisition is being considered seriously. Sometimes, a letter of intent
may also be issued by a mutual fund shareholder to indicate that he/she
would like to invest certain amounts of money at certain specified times.
In exchange for signing a letter of intent, the shareholder would often
qualify for reduced sales charges. A letter of intent is not a contract and
cannot be enforced, it is just a document stating serious intent to carry
out certain business activities.
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
GOLDEN QUOTES
"NATURE GAVE YOU FACE , BUT YOU HAVE TO PROVIDE THE EXPRESSION"
SATBIR SINGH
PRESIDENT
JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
SATBIR SINGH
PRESIDENT
JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
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